Raytheon takeover worries cost-conscious Trump

By James Langford

Published June 14, 2019 3:00am ET

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Raytheon takeover worries cost-conscious Trump — FILE - In this Oct. 18, 2010 file photo, an Amazon.com package is prepared for shipment by a United Parcel Service (UPS) driver in Palo Alto, Calif. States could force Internet retailers to collect sales taxes under a bill that the Senate advanced on Wednesday. (AP Photo/Paul Sakuma, File) | Paul Sakuma

When Lockheed Martin bought military contractor Sikorsky Aircraft in 2015, the Obama administration’s defense chief readily admitted that too much consolidation in the industry would drive up prices for taxpayers.

That is one policy stance that didn’t change when President Trump moved into the White House, a point the president made clear when discussing missile-maker Raytheon’s takeover by United Technologies, the same conglomerate that sold Sikorsky.

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Defense Defense Spending Donald Trump Mergers and Acquisitions Pentagon Raytheon Russia